- CZ reveals he personally rejected a country’s president who asked for a token listing on Binance.
- Binance will immediately disqualify any project that attempts to use a third-party listing agent.
- Exchange clarifies listing path: Binance Alpha to Futures to Spot, based strictly on merit.
Binance founder Changpeng Zhao (CZ) has issued a stark warning regarding listing scams, revealing that even world leaders hold no sway over the exchange’s decisions.
In a recent disclosure, CZ confirmed he personally declined a private request from a country’s president to list a specific token, underscoring that no individual can bypass the platform’s due diligence.
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The ‘No Shortcuts’ Policy
This anecdote serves as the ultimate reality check for crypto projects. CZ urged founders to treat any promise of a “guaranteed listing” as fraud. If a Head of State cannot influence the process, third-party “agents” claiming to have inside connections are undeniably operating scams.
The exchange stated that confusion around listings has fueled a cottage industry of impersonators. As the market matures, scammers increasingly pose as Binance insiders or advisors to extort fees from eager teams.
Binance has adopted a zero-tolerance policy: any project caught using a middleman will be immediately disqualified.
How to Actually Get Listed
Binance outlined its multi-stage funnel for legitimate projects. Early-stage teams typically enter via Binance Alpha, a program designed for token discovery and community building. This allows the exchange to test a project’s traction before opening the floodgates.
As projects mature, Binance may introduce futures contracts or spot trading options. Futures products offer traders hedging and directional strategies without holding tokens. Spot listings, however, allow direct ownership and long-term participation. Consequently, each stage reflects project readiness and market demand.
Binance evaluates projects using several criteria. These include product quality, user growth, token design, compliance standards, and technical security. Additionally, circulating tokens face scrutiny around liquidity, valuation, and distribution fairness. Binance said no listings receive guarantees or shortcuts.
Binance also addressed the rising number of fake listing agents. The exchange said it never appoints intermediaries or accepts applications through consultants. All listing discussions must involve verified core team members only. Hence, founders must communicate directly and complete identity checks.
Significantly, Binance said it will disqualify any project using middlemen. However, teams that report scammers may receive priority review. This policy encourages transparency while discouraging unethical behavior.
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Source: https://coinedition.com/cz-denied-a-presidents-request-to-list-token-no-special-treatment/
